E-commerce has been obtainable for several years for those tech-savvy enough to use it, but in the current times with personal space a constant concern of everyone, other digital payments are becoming increasingly popular as well.
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American retail giant Macy’s announced the launch of a digital marketplace along with its Q3 2021 results, a move that analysts have not reached a consensus on.
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The start of the Covid-19 pandemic seemed like it would be the end of the retail fashion industry. However, by mid-August this year, the recovery progress seemed tenuous.
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Leading British retailer, Marks & Spencer (M&S) has expanded its online market to over 100 countries with the launch of 46 new websites. This launch, in countries such as Argentina, South Korea, and Uzbekistan, has doubled the number of overseas markets.
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As the pandemic continues to take a toll on the retail industry, Gap Inc. CEO Sonia Syngal predicts a revival of the clothing sector in 2021. Syngal told the Wall Street Journal that “We do think there’s going to be this peacocking effect that happens, as people emerge from COVID.”
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